(Reuters) -The U.S. Federal Trade Commission (FTC) has sent requests to Tapestry and Michael Kors owner Capri Holdings for more information on their planned $8.5 billion deal, the companies said on Mo[...]
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November 6, 2023
OpenAI unveils personalized AI apps as it seeks to expand its ChatGPT consumer business
By Krystal Hu and Anna Tong SAN FRANCISCO (Reuters) -OpenAI unveiled a marketplace on Monday that enables users to access personalized artificial intelligence “apps” for tasks like teaching math or de[...]
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China lent $1.34 trln in 2000-2021, focus shifts from Belt and Road to rescue finance-report
By Rachel Savage and Clare Baldwin JOHANNESBURG/HONG KONG (Reuters) – Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData sa[...]
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Kinder Morgan to buy NextEra Energy Partners’ Texas pipelines for $1.82 billion
By Seher Dareen and Sourasis Bose (Reuters) -U.S. pipeline operator Kinder Morgan said on Monday it would acquire NextEra Energy Partners’ gas pipelines in South Texas for $1.82 billion. The oil[...]
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Wall St extends winning streak; eyes Fed speakers, Treasury auctions
By Chuck Mikolajczak (Reuters) – U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank[...]
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Unifor members ratify new contract with Stellantis in Canada
(Reuters) -Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis. Unifor reached a tentative deal with Stellantis on Oct. 30 after a b[...]
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Vertex Pharma misses sales estimates on weak demand for older CF treatments
(Reuters) – Vertex Pharmaceuticals missed Wall Street estimates for third-quarter sales on Monday, hurt by weaker-than-expected demand for its older cystic fibrosis (CF) treatments. The drugmake[...]
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Fed’s Neel Kashkari not convinced rate hikes are over -WSJ
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to the c[...]
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Canada’s OMERS buys 5% indirect stake in Toronto Raptors-parent MLSE for $400 million
(Reuters) – Canadian pension plan OMERS said on Monday it will acquire a 5% indirect stake in Maple Leaf Sports & Entertainment (MLSE), the parent company of hockey’s Toronto Maple Lea[...]
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